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Software Helps Blackberry Cut Losses
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23.06.2015
Canadian mobile phone firm Blackberry has seen its quarterly losses shrink thanks to higher software revenue. The company made a net loss of $28m in the three months to the end of May, a bigger loss than analysts had expected, but less than the $60m loss it made a year ago. Crucially for the firm, revenues from its software business more than doubled from a year ago to $137m. Blackberry Chief Executive John Chen said, "Our performance in [the first financial quarter] demonstrates that we are firmly on track to achieve important milestones."
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